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Prequalification Calculator

To get a sense of how much you may be able to borrow, fill in the form below and click on the calculate button. Please note that prequalification is different from a preapproval. Prequalification gives you an estimate of how much you may be able to borrow. Preapproval, on the other hand, indicates that you have been approved for a set loan amount prior to property selection.

Gross Monthly Income $
Monthly Debt/Payments
Include only loans that won't be paid off in 10 months		 $  
Loan Terms You Desire
Interest Rate %     %
Term      Years
Down Payment (% of Sales Price)     %
Expected Taxes & Insurance
If you don't know what your property taxes and insurance will be, leave this section blank. We will estimate it for you. Otherwise, please enter your estimated taxes and insurance.
Yearly Property Tax
 $  
Yearly Property Insurance
 $  
 


Spartanburg Mortgage Inc.

Ph: 864-585-9602
Fax: 864-577-0570
NMLS #213690
Licenses

Rates as of

09/1/2011

30 yr - 3.875%

(a.p.r. 4.352%)

15 year - 3.000%

(a.p.r. 3.723%)

APR's based on a $100,000 loan/30&15yrs

Rates subject to change.

Other factors can affect Interest Rates & APR's.